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The Impacts of the Alaska Permanent Fund Dividend on High School Status Completion Rates

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  • Mattathias Lerner

Abstract

Direct cash transfer programs have shown success as poverty interventions in both the developing and developed world, yet little research exists examining the society-wide outcomes of an unconditional cash transfer program disbursed without means-testing. This paper attempts to determine the impact of direct cash transfers on educational outcomes in a developed society by investigating the impacts of the Alaska Permanent Fund Dividend, which was launched in 1982 and continues to be disbursed on an annual basis to every Alaskan. A synthetic control model is deployed to examine the path of educational attainment among Alaskans between 1977 and 1991 in order to determine if high school status completion rates after the launch of the dividend diverge from the synthetic in a manner suggestive of a treatment effect.

Suggested Citation

  • Mattathias Lerner, 2019. "The Impacts of the Alaska Permanent Fund Dividend on High School Status Completion Rates," Papers 1910.04083, arXiv.org.
    • Handle: RePEc:arx:papers:1910.04083
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    References listed on IDEAS

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    1. Abadie, Alberto & Diamond, Alexis & Hainmueller, Jens, 2011. "Synth: An R Package for Synthetic Control Methods in Comparative Case Studies," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 42(i13).
    2. Alberto Abadie & Alexis Diamond & Jens Hainmueller, 2007. "Synthetic Control Methods for Comparative Case Studies: Estimating the Effect of California's Tobacco Control Program," NBER Working Papers 12831, National Bureau of Economic Research, Inc.
    3. Alberto Abadie & Alexis Diamond & Jens Hainmueller, 2015. "Comparative Politics and the Synthetic Control Method," American Journal of Political Science, John Wiley & Sons, vol. 59(2), pages 495-510, February.
    4. Alberto Abadie & Javier Gardeazabal, 2003. "The Economic Costs of Conflict: A Case Study of the Basque Country," American Economic Review, American Economic Association, vol. 93(1), pages 113-132, March.
    5. Venti, Steven F, 1984. "The Effects of Income Maintenance on Work, Schooling, and Non-Market Activities of Youth," The Review of Economics and Statistics, MIT Press, vol. 66(1), pages 16-25, February.
    6. V. Joseph Hotz, 2003. "The Earned Income Tax Credit," NBER Chapters, in: Means-Tested Transfer Programs in the United States, pages 141-198, National Bureau of Economic Research, Inc.
    7. Abadie, Alberto & Diamond, Alexis & Hainmueller, Jens, 2010. "Synthetic Control Methods for Comparative Case Studies: Estimating the Effect of California’s Tobacco Control Program," Journal of the American Statistical Association, American Statistical Association, vol. 105(490), pages 493-505.
    8. Robert A. Moffitt, 2003. "Means-Tested Transfer Programs in the United States," NBER Books, National Bureau of Economic Research, Inc, number moff03-1.
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